Amsterdam, November 22, 2021 – Management and technology consultancy BearingPoint today announced plans to extend its current partnership with IFS, the cloud enterprise software company, to form a joint venture. The newly formed business would provide services to support the continued increase in demand for IFS software. Following non-binding discussions between the parties, the launch of the joint venture remains subject to applicable employees’ information and consultation procedures, customary merger control clearances and final documentation.
As a standalone entity, the joint venture would operate as a unique organization focused on digital transformation enabled by IFS cloud software products. The new entity is expected to focus on opportunities in France, Netherlands, Belgium, Italy, Germany, Austria, Switzerland, and UK. In each of these countries, BearingPoint and IFS will look to invest resources to lay the foundation of the venture and ensure a positive start.
Both companies have a strong common client base and a track record of delivering successful projects and significant value to their customers over the last five years. BearingPoint is already an IFS Platinum service partner and winner of the 2020 IFS Global Systems Integrator of the Year and 2021 IFS Growth Partner of the Year awards.